Disaster

Here’s what could make Iran’s oil war an “economic disaster” – The Nation | Globalnews.ca

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Here's what could make Iran's oil war an "economic disaster" - The Nation | Globalnews.ca

Americans woke up to higher gas prices on Tuesday, and some experts warned that the global oil crisis could worsen as Yemen’s Houthi rebels join the war against Iran. On Tuesday morning, the average price of gas in the US was US $ 4.018 per gallon, according to AAA, which tracks gas prices nationwide. According … Read more

Distant conflict, domestic disaster: is this oil scare the wake-up call NZ needs?

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Distant conflict, domestic disaster: is this oil scare the wake-up call NZ needs?

In recent years, there have been many warnings about the fragility of New Zealand’s largely imported oil supply. Now, drivers are seeing the cost of that accident at the pump. Nationwide, gasoline is over $3.30 a liter on average. On Auckland’s Waiheke Island, residents protested after prices at the local station exceeded $4 a litre. … Read more